Deutsche Boerse Purchases Minority Share in Blockchain Partner HQLAx

Deutsche Boerse announced it had invested in HQLAx, the liquidity manager it partnered with on a blockchain project in March.

Joint stock company Deutsche Boerse announced it had invested in HQLAx, the liquidity manager it partnered with on a blockchain project in March

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Germany’s joint stock company Deutsche Boerse (DB) has furthered its partnership with blockchain-based liquidity provider HQLAx, making a million euro investment to become a minority shareholder, a press release announces Tuesday, August 28.

Deutsche Boerse AG is a German marketplace organizer and transaction services provider which had as much as €3.695 billion ($4.327 billion) in total equity as of 2015.

The two parties, which originally partnered in March to produce a blockchain-based securities lending platform using R3 Consortium’s Corda technology, said the move allowed them to expand their activities in the field.